AT&T To Sell Its Yellow Pages Business Units

AT&T is announcing that in a deal expected to be finalized later this year, AT&T is selling 53% of its Yellow Pages related business units, including YP.com to Cerberus Capital Management. A new, independent company to be called YP Holdings LLC will be formed to manage these business units.

This announcements affects 8,400 current AT&T Employees. AT&T has stated that as a condition of the sale, will recognize The Union and accept the applicable labor contracts for affected members.